Commodities update: 5 July 2011

5/7/11	Brent	Gold	WTI Crude Oil
R3	113.30	1,520.6	96.18
R2	112.66	1,508.2	95.78
R1	112.03	1,495.7	95.37
PIVOT	111.52	1,487.2	95.05
S1	110.89	1,474.7	94.64
S2	110.38	1,466.2	94.32
S3	109.75	1,453.7	93.91

CRUDE OIL update:

·      Above $96.18 will fly -- $ 97.31 bull will win the race --- target $100.

Gold update:     

·      above$ 1487.70 will fly

·      Today above$ 1508.20 will try to touch$ 1520.60

·      Major support of gold was $1480 then  bounce back.

Silver update:

·      Above $33.667 will fly --$35.26 bull will win the race---- target$36.10.